Annual government: Gross fixed capital formation … function fixed in United States
United States: Annual government: Gross fixed capital formation … function fixed was 985,722 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross fixed in United States, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government expenditure by function (cofog) — gross fixed in United States stood at 985,722 National currency. That is the highest value across all 55 years on record.
The figure is up 7.4% on the previous year and up 73.0% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross fixed in United States peaked at 985,722 National currency in 2024 and was at its lowest, 55,093 National currency, in 1971.
United States ranks 4th of 27 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government: Gross fixed capital formation … function fixed in United States, year by year
| Year | National currency | Change |
|---|---|---|
| 1970 | 56,467 National currency | — |
| 1971 | 55,093 National currency | -2.4% |
| 1972 | 56,809 National currency | +3.1% |
| 1973 | 61,553 National currency | +8.3% |
| 1974 | 71,045 National currency | +15.4% |
| 1975 | 78,570 National currency | +10.6% |
| 1976 | 82,968 National currency | +5.6% |
| 1977 | 86,253 National currency | +4.0% |
| 1978 | 96,118 National currency | +11.4% |
| 1979 | 110,047 National currency | +14.5% |
| 1980 | 124,476 National currency | +13.1% |
| 1981 | 134,605 National currency | +8.1% |
| 1982 | 144,334 National currency | +7.2% |
| 1983 | 159,331 National currency | +10.4% |
| 1984 | 180,546 National currency | +13.3% |
| 1985 | 204,588 National currency | +13.3% |
| 1986 | 222,029 National currency | +8.5% |
| 1987 | 238,830 National currency | +7.6% |
| 1988 | 243,518 National currency | +2.0% |
| 1989 | 255,313 National currency | +4.8% |
| 1990 | 273,912 National currency | +7.3% |
| 1991 | 276,760 National currency | +1.0% |
| 1992 | 277,522 National currency | +0.3% |
| 1993 | 273,623 National currency | -1.4% |
| 1994 | 278,624 National currency | +1.8% |
| 1995 | 290,990 National currency | +4.4% |
| 1996 | 302,651 National currency | +4.0% |
| 1997 | 308,115 National currency | +1.8% |
| 1998 | 323,054 National currency | +4.8% |
| 1999 | 345,669 National currency | +7.0% |
| 2000 | 367,780 National currency | +6.4% |
| 2001 | 389,287 National currency | +5.8% |
| 2002 | 419,192 National currency | +7.7% |
| 2003 | 437,317 National currency | +4.3% |
| 2004 | 459,617 National currency | +5.1% |
| 2005 | 484,510 National currency | +5.4% |
| 2006 | 519,988 National currency | +7.3% |
| 2007 | 559,169 National currency | +7.5% |
| 2008 | 592,278 National currency | +5.9% |
| 2009 | 604,722 National currency | +2.1% |
| 2010 | 605,806 National currency | +0.2% |
| 2011 | 600,412 National currency | -0.9% |
| 2012 | 585,308 National currency | -2.5% |
| 2013 | 565,957 National currency | -3.3% |
| 2014 | 569,637 National currency | +0.7% |
| 2015 | 591,977 National currency | +3.9% |
| 2016 | 612,467 National currency | +3.5% |
| 2017 | 643,790 National currency | +5.1% |
| 2018 | 688,829 National currency | +7.0% |
| 2019 | 730,522 National currency | +6.1% |
| 2020 | 775,513 National currency | +6.2% |
| 2021 | 787,381 National currency | +1.5% |
| 2022 | 844,829 National currency | +7.3% |
| 2023 | 918,022 National currency | +8.7% |
| 2024 | 985,722 National currency | +7.4% |
United States compared with similar countries
- United States's 985,722 National currency is above the median for high income countries, which is 93,394 National currency, 10.6× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 75,492 National currency | 55,093 National currency | 110,047 National currency | 10 |
| 1980s | 190,757 National currency | 124,476 National currency | 255,313 National currency | 10 |
| 1990s | 295,092 National currency | 273,623 National currency | 345,669 National currency | 10 |
| 2000s | 483,386 National currency | 367,780 National currency | 604,722 National currency | 10 |
| 2010s | 619,470 National currency | 565,957 National currency | 730,522 National currency | 10 |
| 2020s | 862,293 National currency | 775,513 National currency | 985,722 National currency | 5 |
Countries ranked near United States
- 1 Colombia 48.74 million National currency compare
- 2 Japan 24.54 million National currency compare
- 3 Poland 176,359 National currency compare
- 3 Hungary 3.46 million National currency compare
- 3 Croatia 4,494 National currency compare
- 4 Netherlands 36,895 National currency compare
- 5 Slovenia 3,462 National currency compare
- 5 Czechia 376,546 National currency compare
- 6 Lithuania 3,326 National currency compare
- 6 Sweden 352,916 National currency compare
- 7 Latvia 2,561 National currency compare
- 7 Norway 282,385 National currency compare
More public sector data for United States
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross fixed in United States?
- Annual government expenditure by function (cofog) — gross fixed in United States was 985,722 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross fixed recorded in United States?
- The highest recorded value was 985,722 National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in United States?
- The lowest recorded value was 55,093 National currency in 1971.
- How does United States rank for annual government expenditure by function (cofog) — gross fixed?
- United States ranks 4th out of 27 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross fixed rising or falling in United States?
- Over the last ten years it is up 73.0%. The long-run trend across the full record is volatile.
- Where does this United States data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org